Asian Stocks Hit Record Highs on Soaring AI Optimism
Investors seem to be underestimating the peak in oil prices.
Key Takeaways
June Could Bring Major Oil Market Issues: The insightful weekend FT article titled Oil market four weeks from crunch concluded that we are at an exhaustive tipping point in this regard, and that if the Strait of Hormuz remains shuttered by June — now a month away — we are in for some serious problems when you look at the accelerating downward pressure on global crude inventories, which are on the precipice of falling below critical levels. President Trump’s decision to end the bombing campaign means he intends to wait out Iran as its economy absolutely implodes. Markets don’t seem to care, because one-year oil futures are at $75 per barrel — investors seem to think that supplies will bounce back and most of the oil price surge will be reversed.
